Cryptocurrency Analysis and News Portal
Blockchain solutions provider Jelurida partnered with augmented reality (AR) firm Aumenta Solutions to develop a maintenance system for port infrastructures. According to an announcement sent to Cryptox, the project aims to increase efficiency, reduce downtime and enhance the accuracy of maintenance tasks for ports which is important in servicing ships, cargo
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Elizabeth McCaul, a supervisory board member of the European Central Bank (ECB), has called for additional oversight of crypto firms operating in a borderless state outside typical attempts at supervision.In an April 5 blog post, McCaul said there was currently no adequate regulatory or supervisory framework for crypto firms, but
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McCaul, a member of the ECB arm responsible for overseeing banks, said recent attempts to regulate such as the European Union’s Markets in Crypto Assets regulation (MiCA) wouldn’t fully address the problem of complex international structures, or “ecosystem” companies that claim to have no headquarters. Source
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United States President Joe Biden stated on Tuesday that the safety of artificial intelligence (AI) is still uncertain and emphasized that technology firms should ensure that their products are secure before releasing them to the public.During a meeting with science and technology advisors, Biden acknowledged that AI could be beneficial
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An extended market price drawdown (crypto winter) throughout 2022 has tested the crypto industry’s mettle, and more recently, a crackdown by United States regulators on some prominent entities like Coinbase, Binance and Kraken has further shaken the sector.So maybe it’s only natural for the industry to employ colorful, vivid language
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The dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving crypto companies, according to the head of the British island territory’s government during an interview with Bloomberg News. “The future of finance is digital,” said the premier and finance minister Edward David Burt, who believes
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After the recent collapse of three crypto-friendly banks, many firms are left hunting for new banking partnerships. Brett Philbin, Rachel Millard and Rosie Gillam of Edelman Smithfield offer advice. Source
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According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally
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The CFTC's lawsuit against Binance and CEO Changpeng Zhao noted at least three U.S.-based quantitative firms that were active on the exchange. Source
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Most stayed put, however. It’s easy to joke about moving to Montreal but harder to actually do it, which is something many crypto companies are discovering. “The United States, overall, has the best infrastructure and support for small businesses in general,” says Kuveke, who has found it easier to do
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